To ensure that you are not getting yourself into a tight financial spot, it is crucial to draw a budget using all your current expenses and seeing how a new mortgage will affect your lifestyle. Perhaps you can afford a new mortgage but only if you cut out your annual vacation or if you cancel your kids' expensive activities. It is your responsibility to plug in the numbers and dictate to your bank which amount you can afford, not the other way around.
Even though life and the things of this world are but vapors, the values, morals, time, and memories I instill in my son and share with those I love will last for generations to come. This means that I'm committed to a life of faithful obedience that is focused on eternal and not external, temporal things.
Self-employed borrowers, unlike traditional homebuyers, often encounter a few obstacles when attempting to get approved for a home mortgage loan. The reasons can be complicated. Here's a story that I believe best sums up the experience many self-employed borrowers will encounter when looking to purchase a home.